IndiGo Leads Nifty Gainers with 6.74% Surge; Tata Motors PV, Shriram Finance, Trent, Asian Paints Advance Strongly

Mumbai, May 6: IndiGo was the top Nifty 50 gainer on Wednesday, surging 6.74% to close at ₹4,524.1 in a broad-based rally that saw aviation, financials, consumer, and banking stocks lead the charge. Tata Motors PV, Shriram Finance, Trent, Asian Paints, State Bank of India and Bajaj Auto also featured among the seven biggest index gainers, advancing between 3.42% and 5.32% as improving global sentiment — driven by US President Donald Trump’s announcement of a pause in the Strait of Hormuz escort operation — lifted risk appetite sharply across sectors.

IndiGo — up 6.74%

IndiGo was the standout performer on the Nifty 50 on Wednesday, surging 6.74% to close at ₹4,524.1 on the NSE. The stock opened at ₹4,320, scaled an intraday high of ₹4,565.6, and maintained most of its gains through the session, with a low of ₹4,315.6. The previous close stood at ₹4,238.4. IndiGo traded 26.58 lakh shares worth approximately ₹1,181.19 crore during the day, making it one of the most heavily traded large-caps by value in the session, reflecting strong institutional conviction in the aviation counter.

Tata Motors PV — up 5.32%

Tata Motors PV was the second-biggest Nifty 50 gainer on Wednesday, rising 5.32% to close at ₹358.25 from its previous close of ₹340.15. The stock opened at ₹345.35, touched an intraday high of ₹358.95, and held firm above the prior close with a session low of ₹343.65. A total of 1.10 crore Tata Motor shares worth approximately ₹387.96 crore changed hands during the day, reflecting strong volumes as buyers stepped in decisively following the broadly positive macro cues of the session.

Shriram Finance — up 4.42%

Shriram Finance advanced 4.42% to close at ₹1,007 on Wednesday, rising from its previous close of ₹964.4 and crossing the ₹1,000 mark for the first time in recent sessions. The NBFC opened at ₹980, scaled an intraday high of ₹1,007.45, and maintained its gains through the day with a session low of ₹976.05. Volume was strong at 58.59 lakh shares, translating to a traded value of approximately ₹581.14 crore, as investors welcomed the combination of improving macro conditions and the stock’s recent operational momentum.

Trent — up 3.98%

Trent gained 3.98% on Wednesday to close at ₹4,300, rising from its previous close of ₹4,135.4. The Tata Group retailer opened at ₹4,157.9, hit an intraday high of ₹4,324.5, and traded with a session low of ₹4,156.5 as buying interest remained consistent through the day. A total of 13.84 lakh shares worth approximately ₹591.16 crore were traded during the session, making it one of the more actively traded mid-heavyweight counters of the day by value.

Asian Paints — up 3.91%

Asian Paints rose 3.91% on Wednesday to close at ₹2,525.1, recovering meaningfully from its previous close of ₹2,430 as the paints-and-coatings major attracted fresh buying on the back of softening crude prices — a key input cost driver for the sector. Asian Paint stock opened at ₹2,460, touched an intraday high of ₹2,529, and held comfortably above its opening with a session low of ₹2,440.4. Volume stood at 13.96 lakh shares worth approximately ₹348.58 crore for the day.

SBI — up 3.69%

State Bank of India gained 3.69% on Wednesday to close at ₹1,099, advancing from its previous close of ₹1,059.9 as the PSU banking sector rallied on improving sentiment and a pullback in crude-linked inflationary fears. SBI share opened at ₹1,072, scaled an intraday high of ₹1,101.1, and maintained most of its gains through the session with a low of ₹1,061.2. The stock was the most actively traded by volume on the day among the top gainers, with 1.44 crore shares changing hands worth approximately ₹1,551.86 crore, reflecting heavy institutional participation in the country’s largest public sector lender.

Bajaj Auto — up 3.42%

Bajaj Auto rounded out the top seven Nifty 50 gainers on Wednesday, rising 3.42% to close at ₹10,390 from its previous close of ₹10,046. The two-wheeler major opened at ₹10,180, touched an intraday high of ₹10,390 — matching the closing price and indicating the stock closed at its session peak — with a low of ₹10,141. Bajaj Auto traded 3.93 lakh shares worth approximately ₹402.99 crore, a relatively lower float count consistent with the stock’s high per-share price, and closed at its intraday high, a sign of sustained buying through the final hour of trade.